Consumer Applications - Tips, Taxes, Discounts

Front

What is the formula to calculate the total cost including tax?

Back

Total Cost = Price + (Price x Tax Rate)

Front

How do you convert a percentage to a decimal?

Back

Divide the percentage by 100. For example, 82% = 82 ÷ 100 = 0.82.

Front

What does gratuity mean in relation to a bill?

Back

Gratuity is an additional amount added to the total bill as a tip.

Front

If an item is on sale for 30% off, how do you calculate the sale price?

Back

Sale Price = Original Price - (Original Price x Discount Rate)

Front

What is the sale price of an item originally priced at $100 with a 25% discount?

Back

Sale Price = $100 - ($100 x 0.25) = $75.

Front

How do you calculate the amount of tax on a purchase?

Back

Tax Amount = Price x Tax Rate.

Front

What is the total cost of an item priced at $200 with a 5% tax?

Back

Total Cost = $200 + ($200 x 0.05) = $210.

Front

What does 'marked down' mean?

Back

Marked down means the price of an item has been reduced.

Front

If a jacket costs $50 and is on sale for 40% off, what is the discount amount?

Back

Discount Amount = $50 x 0.40 = $20.

Front

What is the final price of an item after a 10% discount on a $60 item?

Back

Final Price = $60 - ($60 x 0.10) = $54.